Economics Homework Help. MTSU Financial Statements for the Pirates Worksheet
Using the attached Financial Statements for the Pirates, Marlins, Rays, Angels, and Mariners, find the necessary information on the statements and calculate the following ratios:
- Current Ratio
- Debt Ratio
- Total Asset Turnover Ratio
- Profit Margin
Do the financial results match the on-field results? Why or why not? You will need to review how the teams performed during the financial years provided.
Lastly, use these ratios to assess the financial vitality of each of the Major League Baseball teams, and provide some recommendations on how to potentially improve the franchise financially.
